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So what: Specifically, Credit Suisse issued an outperform rating on Leju shares with a $15 price target, or a roughly 50% premium to today's close at $9.98 per share. For perspective, Leju priced its 10 million-share initial public offering at $10 per American depositary share late last month, and rose as high as $13 per share in the subsequent days.

Now what: This analyst initiation is encouraging, but keep in mind Leju is also set to announce first quarter earnings next Tuesday, May 20. Because I prefer avoiding the practice of trading around earnings, I'll be waiting until after that report for additional color on Leju's business before I make any long-term investing decisions.

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As a technology and consumer goods specialist for the Fool, Steve looks for responsible businesses that positively shape our lives. Then he invests accordingly. Enjoy his work? Connect with him on Twitter & Facebook so you don't miss a thing.